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9555 Southwest 40th Terrace

Juan Jimenez Acquires MultiFamily Property In Olympia Heights For $1.25M
SOLDMultiFamily

Juan Jimenez Acquires MultiFamily Property In Olympia Heights For $1.25M

9555 Southwest 40th Terrace

$1,250,000

$296/SF

Building Size

4,211 SF

Asset Type

MultiFamily

Closing

Sep 7, 2023

AI

A multifamily property located at 9555 Southwest 40th Terrace in Olympia Heights has been sold for $1,250,000. The property consists of 2 units with a price per unit of $625,000. Spanning across 4,211 square feet, the property has a price per square foot of $297.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $1,250,000
  • Units: 2
  • Price per Unit: $625,000
  • Square Footage: 4,211
  • Price per Square Foot: $297
  • Address: 9555 Southwest 40th Terrace, Olympia Heights

Juan Jimenez has purchased the property, with the assistance of Vernon Ubico from RESF, acting as the broker representative in the deal.

Players

Vernon Ubico

Broker

$6.7M

vol

3 deals

Broker

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93